- The DXY extends sideways trading above 90.00 on Friday.
- Further up, the 2021 high appears near 90.70.
The US Dollar Index (DXY) remains in consolidation mode and manages well to stay above 90.00 for the time being.
If the bulls regain control of sentiment more forcefully, then the index could revisit the 90.70 / 75 band before the 91.00 region (Dec 21). Above this level, the prevailing downward pressure is expected to ease somewhat.
Long-term, as long as the DXY trades below the 200-day SMA today at 94.50, the negative view is expected to prevail.
DXY day chart
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